Large employers big believers in auto-enrollment

• 57 percent of large employers (those with more than 1,000 workers) use auto-enrollment in their 401(k) plans.
• 39 percent of large employers auto-enroll new hires, while 18 percent auto-enroll all employees.
• 3 percent of large employers will implement auto-enrollment by next year, and 18 percent are thinking of doing so.
• 85 percent of large employers with auto-enrollment saw less than 10 percent of their workers opt out of the retirement plan.
• 72 percent of large employers use target-date funds as the default option.
• 18 percent of employers currently offer annuities or plan to do so in the next year.
• Of the employers who offer annuities to their workers, 79 percent say less than 5 percent choose them.
• Of the 18 percent of employers who suspended or reduced matching contributions, 49 percent haven't reinstated it.

Source: Towers Watson